Costa Rica: Selective Tax on Used Vehicles

Cars between 0-6 years old will incur a 30% selective excise tax with a tax burden of 53%, and those over 6 years old will incur a tax of 48% and have a tax burden of 73%.

Wednesday, August 7, 2013

From a press release from the Ministry of Finance in Costa Rica:

The Ministry of Finance reported today that after reviewing the effects of the update of the value of the vehicles that has been in force since December 2012, the implementation of the new Law on Transit, and the small amount of economic activity of the vehicle import sector this year, the Unit has determined an adjustment to the tax rates applicable on selective consumption, in order to give coherence to the tax system between the new values ​​and the tax rate.

With the new scale, vehicles from zero to six years old will pay a selective consumption tax of 30% and will have a total tax burden of 53% and vehicles over six years old will pay a tax of 48% and will have a total tax burden 73%.

More on this topic

Costa Rica: Used Cars Lose Appeal

March 2016

In the past five years used cars lost 24% of market share due to improvements made in installment terms and interest on loans for buying new vehicles.

The market for used vehicles in Costa Rica has seen five years of decline, lacking attractive incentives for imports and being at a competitive disadvantage to the new vehicles market.

Taxes on Used Vehicles in Costa Rica

August 2013

Under pressure from importers the government has lowered taxes for importing used motor vehicles, but diluted the reduction by increasing the notional taxable value.

Car dealers in Costa Rica are asking for the establishment of a new formula for calculating taxes on used vehicles.

Importers Demand Lower Taxes for Used Cars

July 2013

Sellers of used cars in Costa Rica believe there is discrimination in the way the Ministry of Finance estimates import taxes on cars.

According to Jose Carballo, president of the Costa Rican Automotive Chamber, the industry complains that 52% is charged for new vehicles, while used cars which are over six years old are charged 79%.

Costa Rica: More New Cars than Used

April 2012

With a 50% increase in the import of new units in the first quarter of 2012, a change has been seen in the traditional tendency of the country buying mostly used vehicles.

In the first 3 months of the year 9,272 new cars came into the country, 50% more than in the same period in 2011, which represents a turnaround in vehicle imports, according to statistics from the Ministry of Finance.

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